Holding(s) in Company

Deutsche Latin American Cos Tst PLC
04 November 2004


The Secretary
Company Announcements Office
The Stock Exchange
10 Paternoster Square
London
EC4M 7LS


4 November 2004


Dear Sirs


We wish to announce that we have been informed by Carrousel Capital Limited that
it has a holding of 6,950,000 ordinary shares in this Company representing
14.53% of the issued share capital. The shares are held as follows:

Carrousel Fund    - 3,810,000 shares
Carrousel Fund II - 3,140,000 shares


Yours faithfully

M Pope
Joint Company Secretary


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